BlocksInform
New court documents show that the FTX owes money to many well-known companies, including Apple and Netflix.
FTX, which went bankrupt in November, allegedly owed billions of dollars to a number of prominent companies before it collapsed, the extent revealed in bankruptcy court filings
Some of these businesses include Apple's technology giant, Netflix movie streaming service, other crypto trading platforms like BINANCE and Bitstamp, The titans of Charles Schwab and JPMorgan, and one of the biggest retail outlets in the world, Amazon.
Other prominent companies which ftx owes money to include media companies fox diffusion, fox sports, the Wall Street Newspaper, fortune, middle.com and coindesk, cloud management company, encryption hedge fund digital galaxy, and several colleges, airlines, countries, us states, We are the regulators.
9.7 million clients were blacked out from the 116-page document.
Last week, ftx ceo john j. ray iii, who replaced the founder in disgrace sam bankman-fried, the business could restart rather than liquidate all its assets to settle its insolvency.
Bankman-fried is accused of having deceived investors and mismanaged client funds and risks more than 100 years in prison in case of conviction. Bankman-fried is charged with illegally lending large quantities of investor funds to alameda research, the commercial arm of ftx.
Previously, court documents revealed that FTX had set up a “$65 million back door” for Alameda to borrow funds without putting any collateral despite FTX customers being subjected to the rule.
The paper also provided an overview of the financial status of the FTX, revealing that crypto swap in difficulty has approximately $5.5 billion in liquid assets, $1.7 billion of it in cash, and three and a half billion dollars in liquid crypto assets.
